EU tariffs could hurt these states the most, analysis shows

Canada, EU retaliate against Trump's tariffs

Canada and the European Union announced retaliatory tariffs against the United States after President Trump imposed 25% tariffs on steel and aluminum imported into the U.S. LiveNOW's Andrew Craft discusses the latest with Lydia Mashburn Newman, the managing director of economics at the American Institute for Economic Research.

As President Donald Trump continues on his dizzying tariff spree, an analysis by LendingTree shows just how much states depend on the European Union for trade.

The EU’s 27 countries have announced retaliatory tariffs on a wide variety of U.S. goods in response to Trump’s increased tariffs on aluminum and steel imports. There are two states in the U.S. that get nearly half of their imports from EU countries, while six other states send at least a quarter of their exports to the EU, according to U.S. Census Data analyzed by LendingTree.

The data collected is separate from how much states depend on trade with Mexico, Canada and China, which are also under increased tariffs from Trump. According to LendingTree, most states do more business with those three countries than with the European Union.

What is the latest with U.S. and EU tariffs?

What we know:

In response to Trump’s increased tariffs on aluminum and steel imports, the European Union’s 27 countries will raise tariffs on American beef, poultry, bourbon and motorcycles, bourbon, peanut butter and jeans.

The EU action will involve two steps. First on April 1, the commission will reimpose taxes that were in effect from 2018 and 2020, but were suspended under the Biden administration. Then on April 13 come the additional duties targeting $19.6 billion in U.S. exports to the EU. In all, the EU says it will raise its levies on up to $28 billion worth of US goods.

Trump has since threatened a 200% tariff on European wine, Champagne and spirits if the European Union goes forward with a planned tariff on American whiskey.

In an aerial view, container ships sit docked at the Port of Oakland on December 09, 2024 in Oakland, California. President Trump's potential trade war with the EU will have big impacts on some states. (Photo by Justin Sullivan/Getty Images)

What we don't know:

Talks are ongoing between U.S. and European trade commissioners. It’s still unclear whether they’ll reach an agreement that would lower or eliminate the tariffs and avoid a costly trade war.

Which states get the most imports from the EU?

According to LendingTree, the following states are most vulnerable to Trump’s tariffs on EU imports:

Indiana: 46.2% of imports from EU
North Carolina: 45.2% of imports from EU
Rhode Island: 38.7% of imports from EU
New Hampshire: 34.3% of imports from EU
Maryland: 33.4% of imports from EU
South Carolina: 32.5% of imports from EU
Kentucky: 31.5% of imports from EU
Pennsylvania: 29.9% of imports from EU
Arkansas: 29.3% of imports from EU
New Jersey: 26.7% of imports from EU

Which states receive the fewest imports from the EU?

The following states receive the fewest imports from the EU, according to LendingTree:

Montana: 2.8% of imports from EU
Idaho: 5% of imports from EU

Which states export the most to the EU?

Lending Tree says the following states are most vulnerable to EU tariffs on the U.S.:

New Hampshire: 38.5% of exports to EU
Rhode Island: 35.2% of exports to EU
Maryland: 33.2% of exports to EU
Connecticut: 29.8% of exports to EU
Indiana: 28.6% of exports to EU
Massachusetts: 27.4% of exports to EU
Washington, DC: 24.7% of exports to EU
Alabama: 24.2% of exports to EU
South Carolina: 24.2% of exports to EU
Louisiana: 23.9% of exports to EU

Which states export the least to the EU?

The following states send the fewest exports to the EU:

Wyoming: 2.1%
New Mexico: 2.3%
North Dakota: 4.6%

Other findings

Expert discusses consumer price impacts of tariffs

Lydia Mashburn Newman joins LiveNOW from FOX to discuss the impact tariffs have on consumers. Lydia Mashburn Newman is the Managing Director of Monetary Economics at the American Institute for Economic Research.

Kentucky and Indiana are the two states where trade with the EU makes up the highest percentage of the state’s gross domestic product. Trade with the EU totals 14.6% of Kentucky’s GDP and 13.3% of Indiana’s.

In nine states, trade with the EU makes up less than 1% of their gross domestic product. Those are: